Gold price rallies following another cooler U.S. inflation report
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!
The just-released U.S. data point of the day saw the producer price index report for October come in at up 8.0%, year-on-year, compared to a rise of 8.3% that was the consensus forecast. The month-on-month figures showed a rise of 0.2% from September, compared to a rise of 0.4% that was expected. The core PPI reading was unchanged in October, compared to expectations for a rise of 0.3%. Other components of the PPI report were also a bit cooler than expected. The U.S.
In overnight news, the Euro zone third-quarter GDP came in at up 2.1%, year on year, which was slightly above market expectations. Other U.S. economic data due for release Tuesday includes the weekly Johnson Redbook and chain store retail sales indexes and the Empire State manufacturing survey.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold SWOT: Yamana Gold has entered into an arrangement with Pan American and Agnico Eagle(Kitco commentary) - The best performing precious metal for the week was palladium, up 10.46%. Allied Market Research published a report outlining 5.8% compounded growth for global palladium markets through 2031.
Read more »
Gold price pulls back as USDX, bond yields rise(Kitco News) - Gold and silver prices are weaker in early U.S. trading Monday, on routine downside price corrections following last week’s solid gains.
Read more »
Bitcoin Nov. 15 daily chart alert - Bears in control(Kitco News) - Bitcoin-U.S. dollar prices are firmer in early U.S. trading Tuesday. Bulls are working to stabilize prices after recent selling pressure.
Read more »
Where are the stops? Monday, November 14, gold and silver(Kitco commentary) - Here are today's likely price locations of buy and sell stop orders for the active Comex gold and silver futures markets.
Read more »
Gold recovers from lows even with Fed Governor Waller's hawkish warningExclusive to Kitco News, technical analyst Gary Wagner provides a daily recap of what happened in the gold market, highlighting important events that captured investors' attention during the U.S. trading session. Wagner's commentary features a mix of fundamental news and technical analysis, noting important support and resistance levels.
Read more »
Crypto SWOT: Last Week Was Crazy for Crypto, Here’s a Recap(Kitco commentary) -Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was PAX Gold, rising 5.66%.
Read more »